Come To Believe Foundation
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 04/2019
- Data as of
- 06/2023
- EIN
- 83-1551889
Organization Overview
Come To Believe Foundation is located in New York, NY. The organization was established in 2019. As of 06/2023, Come To Believe Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Come To Believe Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Come To Believe Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $983.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGHER EDUCATION INSTITUTIONS WITH AN INNOVATIVE, RESULTS- ORIENTED COLLEGE MODEL THAT IS INCLUSIVE AND ACCESSIBLE TO STUDENTS WHO ARE OFTEN UNDERREPRESENTED AT SELECTIVE UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
(1) TO PROVIDE CONSULTATION AND FINANCIAL SUPPORT TO COLLEGES AND UNIVERSITIES THAT WANT TO ADOPT THE COME TO BELIEVE TWO-YEAR COLLEGE MODEL, (THE "CTB MODEL") OFFERING LIBERAL ARTS EDUCATION TO A DIVERSE POPULATION, INCLUDING INDIVIDUALS FROM LOW INCOME FAMILIES AND WHOM ARE THE FIRST IN THEIR FAMILY TO PURSUE HIGHER EDUCATION, (2) TO PROVIDE FORMATION AND TRAINING FOR THE DEANS AND THE BOARDS OF COLLEGES AND UNIVERSITIES RELATING TO THE ADOPTION OF THE CTB MODEL; AND (3) TO RESEARCH AND STUDY, AUTHOR, PUBLISH, AND DISTRIBUTE LITERATURE AND OTHER MEDIA AND ENCOURAGE PUBLIC DISCOURSE ON ISSUES PERTINENT TO THE CTB MODEL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Stephen Katsouros Sj Pres & CEO | OfficerTrustee | 40 | $0 |
Samuel Adams Chief Operat | Officer | 40 | $114,758 |
Susan Conniff Until 62023 Dir Of Finan | Officer | 40 | $34,408 |
William Reidy Until 22023 VP Advanceme | Officer | 40 | $186,800 |
Mark Armstrong Treasurer | OfficerTrustee | 0.5 | $0 |
Rev Robert Reiser Sj Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,048,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,048,614 |
| Total Program Service Revenue | $0 |
| Investment income | $15,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,065,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $128,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $277,953 |
| Compensation of current officers, directors, key employees. | $67,902 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,885 |
| Pension plan accruals and contributions | $23,245 |
| Other employee benefits | $58,002 |
| Payroll taxes | $24,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $206,810 |
| Advertising and promotion | $20,223 |
| Office expenses | $12,057 |
| Information technology | $9,911 |
| Royalties | $0 |
| Occupancy | $58,202 |
| Travel | $55,010 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,801 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,888 |
| All other expenses | $0 |
| Total functional expenses | $983,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,754,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,838 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $250,514 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,500 |
| Total assets | $2,063,723 |
| Accounts payable and accrued expenses | $21,161 |
| Grants payable | $0 |
| Deferred revenue | $46,857 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $68,018 |
| Net assets without donor restrictions | $1,888,573 |
| Net assets with donor restrictions | $107,132 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,063,723 |
Grants Awarded
Over the last fiscal year, Come To Believe Foundation has awarded $120,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY COLLEGE PURPOSE: FEASIBILITY STUDY | $30,000 |
COLLEGE OF MOUNT SAINT VINCENT PURPOSE: FEASIBILITY STUDY | $30,000 |
ST AMBROSE UNIVERSITY PURPOSE: FEASIBILITY STUDY | $30,000 |
BUTLER UNIVERSITY PURPOSE: FEASIBILITY STUDY | $30,000 |